Me Too and Sexual Misconduct

The MeToo movement is poised to restructure the dynamic between men and women altogether. Sexual misconduct is not an acceptable action in any context, and this movement has brought these wrongdoings to light. If someone is faced with sexual misconduct in society nowadays, they would like to prefer the guillotine once the mainstream media becomes aware of these actions. Celebrities such as Bill Cosby, Harvey Weinstein, and Robert Kelly have completely derailed acquired stardom due to the mistreatment of countless women. Unfortunately, sexual misconduct is still a problem in society, and this behavior frequently occurs in the workplace. At this time, your organization should invest in sexual misconduct insurance to prevent any future liability. The last thing you want is for the workplace to be considered unsafe by employees.

Sexual Misconduct in the Workplace

When you work with a core group of individuals for an extended period, a bond between these people forms. The majority of your time is spent with your coworkers, and feelings can begin to develop over time. However, sexual advances are often declined to ensure the workplace remains a professional environment. With this said, some individuals ignore these advanced and sexually assault other members of the workforce. With a sexual misconduct insurance policy, the organization would be covered from any potential payouts to the victim of this incident.

Coming to Terms With Experience Modification Rates

Workers compensation payouts are a possibility for any business, and this is something all business owners should keep in mind. Accidents frequently occur outside of the workplace, so it is only a matter of time until someone receives an injury at your place of work. Hopefully, this does not occur, but it is wise to have a workers compensation policy as a preventative measure. With this said, EMR rating is an aspect of workers compensation that is seldom discussed. EMR pertains to past injuries that have occurred and any potential for risks to occur in the future. Depending on the number of damages that have occurred at your workplace, this rate will either be below or above one.

Lowering Your EMR

If any injuries have occurred at your workplace, the likelihood of your EMR rating being above one is relatively high. When this number is higher than one, the amount of your worker compensation insurance premium will increase substantially. While this is alarming information, it is possible to lower your EMR rating when you perform particular actions. The first preventative measure involves creating a safety program that all employees follow. With a robust safety management plan for your organization, you will be able to lower this rating over an extended period.

The Benefits of Personal Liability Coverage

No matter how safe your building is or how careful you are as a business owner, accidents sometimes occur. If people get hurt, you may be liable for their injuries. That’s where your liability coverage comes in. If you have a Paramus commercial liability insurance policy, what can you expect it to cover?

Injuries on Property: If a visitor to your building is injured on your property, he or she may sue you for damages.

Your commercial liability policy can cover the expenses associated with the legal resolutions process:

  • Legal defense fees
  • Damages awarded by the court
  • Plaintiff’s legal fees that are part of the settlement

Injuries From Product Use: When your product is put on shelves, there is an understanding that, when they use it as directed, the buyers will come to no harm. If your product causes injury or damages their property, they may need to be compensated for these damages. You need the appropriate Paramus commercial liability insurance to protect you from having to pay these expenses out of pocket.

There are many situations where solid liability coverage can come in handy. When you are responsible for a business, you can’t afford to leave yourself vulnerable. Discuss your commercial liability needs with your insurance agent to make sure you have all the coverage you need.

Professional Coverage for Bankers and Financial Institutions

The financial industry is one that carries a great deal of risks, especially concerning the handling of money. That is why these institutions need adequate coverage that provides protection for the business and employees in the form of bankers professional liability coverage.

What Is This Coverage?

Providing professional financial services means institutions, executives and employees are all at risk of liability claims.

Financial institutions choose to select a coverage that helps protect against the following claims:

  • Wrongful acts
  • Misleading financial advice
  • Negligence in performing financial duties
  • Mishandling of funds

While your business may not do the above acts on purpose, the fallout of these mistakes can be devastating for your business and your clients. Having the right protection in place can help mitigate the risks and protect both parties involved in the claims.

Who Does This Protect?

Bankers professional liability coverage is ideal for any size of a financial institution, whether it is a small bank or an international financial office. Your employees, the executive suite and your business overall are protected by this insurance policy, so you can keep providing the financial services you are known for.

If your business is in the financial sector and directly handles client money or accounts, you need bankers professional liability coverage. The risks are too great and the aftermath too damaging to be without this insurance policy in the financial industry.

Protections for Your Staffing Business

When running a staffing agency there are many considerations that need to be made to make sure you are operating efficiently and following all the necessary protocol. When done right, you can secure relationships with businesses who will rely on your agency for providing the talent that you pass along to them. While your business is valuable to organizations that are looking for the right workers to fill their vacancies, things can go become unnecessarily complicated among the parties involved if there are any accidents, mishaps, disagreements and disputes. By contacting an agent that specializes in staffing insurance solutions, you can provide the best service possible with minimal worry.

Support From Staffing Insurance

Depending on the types of contracts you work with, you may need different types of coverage. These issues can arise within the agency itself or at the client’s place of business. Some safeguards that may be in your plan include the following:

Injuries and accidents
Protections for temp workers not qualifying for the same benefits as regular employees
Cyber liability
Property damage
Staffing errors and omissions

Regardless of the types of industries your staffing agency serves, these basic coverages can be very useful for minimizing the potential damages that come along with legal repercussions that often result from these issues. Therefore, staffing insurance solutions are not just added protection but a necessity in many cases.

Using Stop Loss Insurance to Cover Gaps in Health Insurance Offerings

Many employers have found that they’re unable to offer employees the insurance they would like without seeing gaps in coverage. There are ways to take advantage of stop-loss health insurance while offering employers tax breaks, too. Here are a few things to know about this option and how it can help.

The Benefits of Using Stop Loss Insurance

Stop loss insurance offers coverage for cases where an employee needs to use a lot of their insurance coverage for a medical procedure. When one employee uses more coverage than others, it can cost employers extra. Many of these programs also offer benefits such as a higher deductible for those who need it. Having options like these means employees can get the coverage they need without significant cost the employer.

How It Can Save Employers Money

Employee insurance can cost a lot of employers don’t know what to look for. By choosing stop-loss insurance, they can take advantage of savings and join other companies who operate in a similar manner. It offers them the chance to get benefits and programs that only large companies would have access to, making it a useful option for middle-range businesses.

Choosing stop loss health insurance can provide many benefits. It not only saves money for employers, but it provides useful programs they wouldn’t normally get, making it a catch for employer and employee alike.

The Importance of Keeping a Car Insured

Many people know the importance of getting insurance on things important to them. From boats to homes and even one’s life, insurance can provide a solution to problems that may arise. Here’s why auto insurance is necessary, despite what you might have heard.

Why Auto Insurance Matters

Auto insurance in Ypsilanti, MI is crucial to have to protect the car, driver, and even passengers in the event an accident should occur. For those who are careful drivers, it’s hard to predict when an accident might occur because of someone else. That’s when having insurance becomes a lifesaver, and can even insure the car gets fixed at no additional cost.

Problems That Arise From Not Having Insurance

Skipping out on car insurance isn’t a way to save money. Issues can occur such as:

Fines

A car getting repossessed by law enforcement if found without insurance
Being forced to pay more than necessary if an accident or problem occurs
Having issues getting insurance after one of these incidents occurs due to risk

Get the right insurance that can protect everyone can keep a car safe should an accident occur. Auto insurance in Ypsilanti, MI doesn’t have to cost a lot when going through the right insurance company. Don’t risk losing your car or going through an irreparable accident and find the right coverage or your needs today.

What You Need To Know About Marine Insurance

The more global our economy becomes, the more cargo ships transfer goods across seas. Unfortunately, accidents happen. Having marine insurance with New York Marine & General Insurance Company covers the legal liabilities of the company transporting goods. But how do you know if you need to have a marine insurance policy and what does it cover?

Coverage Basics

When goods are shipped by sea, the insurance offers coverage from the beginning of the shipping process until the destination arrival. Items stored in port warehouses are often covered. Personal and commercial cargo can be separate coverage options depending on the policy.

Claim Types

Accidents and losses happen. When they do, a claim usually arises, since someone needs to pay the bill. Typical claims covered by marine insurance include grounded ships, total loss, loss of cargo, hull damage, revenue loss and pirate attacks. The insurance steps in for negligence, weather and accidents.

Who Benefits

Businesses who transport goods for their company or others should look into a marine insurance policy. Fishing, marine contracting, goods export/import companies and marine service supply companies also benefit. Private owners of seagoing vessels such as yachts may also need marine insurance.

If you’re unsure if you need marine insurance with New York Marine& General Insurance Company, ask your agent if you are at risk. Marine insurance is for both commercial and personal purposes.

The Top 3 Reasons You Should Consider Insurance for Pollution Liability

The Top 3 Reasons You Should Consider Insurance for Pollution Liability

As a contractor or environmental consultant today, you likely encounter situations regarding the need for liability insurance on a regular basis. Thankfully, Contractor’s Pollution Liability insurance, or CPL for short, exists to cover you and your business.

1. It Is Flexible

CPL plans are designed to protect you and your work product, regardless of the type of work you perform. In the wide range of options, you could choose from liability insurance that covers claims for personal injury, clean-up costs (including pollution removal and transportation), property damage and emergency responses.

2. It Is Personalized

Insurance companies recognize that your work can happen on a large or small scale, so pollution liability insurance plans can be designed to fit your needs. This means that if you would prefer CPL for just individual projects or for larger yearly coverage, you can find the best plan for your work.

3. It Is Cheaper Than You Think

With so much versatility among plans, high-quality liability coverage can be found at a reasonable price. Additionally, consider the long-term financial and mental value offered by comprehensive plans. An experienced broker can help you find the best deal on insurance. Taking the time to understand your unique needs concerning pollution liability insurance sets a solid foundation for the future of your business.

Boat Insurance Coverage and Costs

If you’re trying to obtain boat insurance cost estimates, you’ve probably seen that prices and coverage can vary greatly. Costs can run anywhere from $300 to over $1,000 per year, depending on a number of different factors. For example, how frequently you use the boat, the type of boat you have, your driving history, and what area you reside in will all have an impact on your insurance costs. The type of coverage you select will also impact costs, but it’s very important that you understand what kind of coverage you’re getting.

Liability

Liability refers to anything that’s determined to be your responsibility. There are two primary types of liability insurance:

Bodily Injury (damage to a person)

Property Damage (damage to an item)

Medical Expenses

You may be held responsible for medical bills if someone in your boat gets hurt, even if you’re not at fault.

Uninsured Boaters’ Coverage

Not everyone has insurance, and if you get hit by someone who doesn’t, this coverage will handle any related expenses.

Personal Property Coverage

This coverage can be used to replace all kinds of items that could be damaged in a boating accident. From boating equipment to luggage. Again, your boat insurance cost will vary depending on what type of insurance you select and the levels of coverage you choose, but it’s important to understand your coverage.